American Century STOXX U.S. Quality Value ETF
ALTAR
Score™
7.8% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.2x P/Sales
ratio
1.1x
P/BV
ratio
2.7x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VALQ tracks an index of US large-cap companies with value and income characteristics.

FUND BASICS
Category US Equities
Fund Sponsor American Century
Website ipro.americancentury.com
Inception date Jan 11, 2018
Assets (mns) $176
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 245
Wgt avg mkt cap (mns) $153,823
Large cap (>$10bn) 80.4%
Mid cap ($2-10bn) 19.4%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TARGET CORP 2.5 %
KROGER CO 2.2 %
APPLE INC 2.1 %
INTEL CORP 2.1 %
ALPHABET INC. CLASS C 2.0 %
INTL BUSINESS MACHINES CORP 1.8 %
ANTHEM INC 1.7 %
CHECK POINT SOFTWARE TECH 1.6 %
CIGNA CORP 1.6 %
HP INC. 1.6 %
Total 19.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.5 %
BRITAIN 1.7 %
ISRAEL 1.6 %
IRELAND 1.3 %
PUERTO RICO 0.2 %
CAYMAN ISLANDS 0.2 %
BERMUDA 0.2 %
CHINA 0.2 %
SWITZERLAND 0.1 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.5% 0.5% -- -- 3.7%

Market Correlations
versus... Beta R-squared
S&P500 1.00 94%
MSCI EAFE 0.96 86%
MSCI Emg. Mkts. 0.77 69%

Technical Indicators
Recent close $43.89
30d moving avg. $42.70
Annualized volatility 19.5%
Short interest (ETF) 0.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.2%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $98,617

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 potential alternatives to the American Century STOXX U.S. Quality Value ETF ETF based on the alternatives' overlap in portfolio holdings with VALQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VALQ Expense: 29 bp ALTAR Score™: 7.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VALQ
Ticker Fund
Name
Overlap1
vs VALQ
(%)
Expense
ratio
(bp)
Savings
vs VALQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs VALQ
(%)
JVAL JPMorgan U.S. Value Factor ETF 38.8 12 17 7.1 -0.7
ROUS Hartford Multifactor US Equity ETF 37.8 19 10 5.9 -2.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 35.9 25 4 5.8 -2.1
RWL Invesco S&P 500 Revenue ETF 35.7 39 -10 6.2 -1.6
EPS WisdomTree U.S. Earnings 500 Fund 35.5 8 21 5.9 -1.9
IUS Invesco Strategic US ETF 34.9 19 10 5.5 -2.4
PRF Invesco FTSE RAFI US 1000 ETF 34.5 39 -10 5.8 -2.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 34.1 25 4 5.7 -2.2
FLQL Franklin LibertyQ U.S. Equity ETF 33.8 15 14 5.9 -1.9
FVAL Fidelity Value Factor ETF 33.5 29 0 6.8 -1.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 33.5 30 -1 5.2 -2.6
VLUE iShares MSCI USA Value Factor ETF 33.5 15 14 9.7 +1.9
DIVB iShares U.S. Dividend & Buyback ETF 33.4 25 4 5.9 -1.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 33.2 19 10 5.3 -2.6
AFLG First Trust Active Factor Large Cap ETF 32.9 55 -26 4.7 -3.2
RESP WisdomTree US ESG Fund of Benef Interest 32.6 28 1 5.1 -2.8
RSP Invesco S&P 500 Equal Weight ETF 32.5 20 9 5.6 -2.2
LRGF iShares Edge MSCI Multifactor USA ETF 32.3 20 9 6.1 -1.8
VLU SPDR S&P 1500 Value Tilt ETF 32.2 12 17 6.1 -1.7
VOOV Vanguard S&P 500 Value ETF 32.2 10 19 6.6 -1.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 32.1 30 -1 5.0 -2.8
JHML John Hancock Multifactor Large Cap ETF 31.8 29 0 4.9 -3.0
VTV Vanguard Value Index Fund 31.2 4 25 6.6 -1.3
RNLC Large Cap US Equity Select ETF 31.2 60 -31 5.2 -2.6
ESGV Vanguard ESG U.S. Stock ETF 31.1 12 17 4.5 -3.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 31.1 9 20 4.8 -3.0
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 31.1 35 -6 5.1 -2.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 30.9 35 -6 5.0 -2.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 30.6 29 0 6.0 -1.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 30.5 18 11 5.6 -2.2
QUS SPDR MSCI USA StrategicFactors ETF 30.4 15 14 5.3 -2.6
DTD WisdomTree U.S.Total Dividend Fund 30.4 28 1 6.3 -1.6
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 30.3 17 12 5.6 -2.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 30.2 17 12 6.1 -1.8
VFVA Vanguard U.S. Value Factor ETF 29.9 14 15 8.4 +0.6
ONEO SPDR Russell 1000 Momentum Focus ETF 29.8 20 9 5.6 -2.3
RNDV US Equity Dividend Select ETF 29.7 50 -21 7.4 -0.4
AVUS Avantis U.S. Equity ETF 29.6 15 14 4.8 -3.0
DLN WisdomTree U.S. LargeCap Dividend Fund 29.5 28 1 6.2 -1.7
SCHV Schwab U.S. Large-Cap Value ETF 29.4 4 25 6.1 -1.8
PBP Invesco S&P 500 BuyWrite ETF 29.4 49 -20 4.3 -3.5
VONV Vanguard Russell 1000 Value Index Fund 29.3 8 21 6.1 -1.7
IUSV iShares Core S&P U.S. Value ETF 29.3 4 25 6.4 -1.4
SPYV SPDR Portfolio S&P 500 Value ETF 29.3 4 25 6.4 -1.4
IVE iShares S&P 500 Value ETF 29.2 18 11 6.3 -1.6
XYLG Global X S&P 500 Covered Call & Growth ETF 29.2 60 -31 4.4 -3.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 29.1 20 9 4.8 -3.1
DFAU Dimensional US Core Equity Market ETF 29.0 12 17 4.7 -3.2
SPLG SPDR Portfolio Large Cap ETF 28.8 3 26 4.7 -3.1
SPY SPDR S&P 500 ETF Trust 28.8 9 20 4.7 -3.2
IVV iShares Core S&P 500 ETF 28.8 3 26 4.7 -3.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 28.7 15 14 5.8 -2.0
FTA First Trust Large Cap Value AlphaDEX Fund 28.6 60 -31 7.4 -0.5
RECS Columbia Research Enhanced Core ETF 28.6 15 14 5.1 -2.8
SPXE ProShares S&P 500 Ex-Energy ETF 28.5 27 2 4.6 -3.2
VOO VANGUARD S&P 500 ETF 28.5 3 26 4.8 -3.0
SPXN ProShares S&P 500 Ex-Financials ETF 28.4 27 2 4.4 -3.5
COWZ Pacer US Cash Cows 100 ETF 28.4 49 -20 10.2 +2.4
IWD iShares Russell 1000 Value ETF 28.3 19 10 6.0 -1.8
SPTM SPDR Portfolio Total Stock Market ETF 28.3 3 26 4.8 -3.0
PBUS Invesco PureBeta MSCI USA ETF 28.2 4 25 4.6 -3.3
JQUA JPMorgan U.S. Quality Factor ETF 28.2 12 17 5.1 -2.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 28.2 7 22 4.5 -3.3
REVS Columbia Research Enhanced Value ETF 28.1 19 10 6.7 -1.2
RAFE PIMCO RAFI ESG U.S. ETF 28.1 30 -1 6.7 -1.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 28.1 2 27 4.6 -3.2
SCHX Schwab U.S. Large-Cap ETF 28.1 3 26 4.6 -3.3
SCHK Schwab 1000 Index ETF 28.0 5 24 4.6 -3.3
IWB iShares Russell 1000 ETF 28.0 15 14 4.5 -3.4
FAB First Trust Multi Cap Value AlphaDEX Fund 28.0 71 -42 7.5 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 27.9 20 9 4.6 -3.3
IYY iShares Dow Jones U.S. ETF 27.8 20 9 4.4 -3.4
VYM Vanguard High Dividend Yield Index ETF 27.8 6 23 6.7 -1.2
ESGU iShares MSCI USA ESG Optimized ETF 27.8 15 14 4.4 -3.4
EUSA iShares MSCI USA Equal Weighted ETF 27.7 15 14 5.1 -2.7
VV Vanguard Large-Cap Index Fund 27.7 4 25 4.6 -3.3
VTHR Vanguard Russell 3000 Index Fund 27.6 10 19 4.4 -3.5
SIZE iShares MSCI USA Size Factor ETF 27.5 15 14 5.1 -2.7
CATH Global X S&P 500 Catholic Values Custom ETF 27.5 29 0 4.6 -3.3
FUNL CornerCap Fundametrics Large-Cap ETF 27.4 50 -21 7.2 -0.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 27.3 9 20 5.0 -2.9
IWV iShares Russell 3000 ETF 26.9 20 9 4.3 -3.6
SPXT ProShares S&P 500 Ex-Technology ETF 26.8 27 2 4.9 -3.0
XVV iShares ESG Screened S&P 500 ETF 26.8 8 21 4.9 -3.0
SCHB Schwab U.S. Broad Market ETF 26.8 3 26 4.5 -3.4
FEX First Trust Large Cap Core AlphaDEX Fund 26.7 60 -31 4.7 -3.2
SPVM Invesco S&P 500 Value with Momentum ETF 26.7 39 -10 7.7 -0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 26.7 3 26 4.4 -3.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 26.7 20 9 6.2 -1.7
MGV Vanguard Mega Cap Value ETF 26.6 7 22 6.5 -1.4
VUSE Vident Core US Equity Fund 26.6 48 -19 7.3 -0.5
VONE Vanguard Russell 1000 ETF 26.5 8 21 4.6 -3.3
SFY SoFi Select 500 ETF 26.5 0 29 4.6 -3.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 26.4 29 0 7.2 -0.6
DGRO iShares Core Dividend Growth ETF 26.3 8 21 6.0 -1.8
MGC Vanguard Mega Cap Index Fund 26.3 7 22 4.6 -3.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
American Century STOXX U.S. Quality Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.2 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.